Father-son startup ClaimAngel says more than $144 million has moved through its marketplace for consumer legal funding. The South Florida company connects plaintiffs and their attorneys with 27 funding companies.
Former trial lawyer Jeremy Alters co-founded the business with his son Logan Alters. Its published terms include 27.8% simple interest, no compounding and a 2x cap on what plaintiffs can owe.
Father-Son Startup ClaimAngel Reports Marketplace Growth
Father-son startup ClaimAngel launched in April 2023 and reports more than 30,000 fundings for over 14,500 plaintiffs. More than 750 law firms have had at least one client funded through the platform.
Funding companies compete for cases through the online marketplace. According to the company, a funder reserves a request for review in an average of 11 seconds.
That figure describes reservation for review, rather than approval or payment. The funding is non-recourse, meaning plaintiffs do not repay it if they lose their case.
Jeremy told Refresh Miami’s startup report that funding costs helped inspire the business. He spent more than two decades as a trial lawyer.
“I never used funding in my practice because it was so expensive,” Jeremy said. “Clients need money, they should be able to get it at the lowest rate possible, and the lawyer should know about the lowest rate possible.”
Funding Terms Address Plaintiffs’ Cash Needs
Logan studied and played D1 basketball at UC Berkeley. He said exposure to sports communities showed him people facing major financial disadvantages.
“People are at the toughest times in their lives,” Logan said. “They’ve had an accident. They were able to pay bills paycheck to paycheck, and they’re no longer able to do that.”
Jeremy described a hypothetical plaintiff whose case might be worth $100,000 but who accepts far less because waiting is unaffordable. That example was not a reported outcome from a particular case.
The company calls its approach “Case Equity.” Plaintiffs can access some expected value of a pending case to cover expenses during the legal process.
Related reading examines another legal-services startup and how founders approach pricing. Those stories concern separate businesses and do not establish ClaimAngel’s results.
Founder Addresses Disbarment And Readmission Application
The Florida Supreme Court disbarred Jeremy in 2018 after finding he had misused client funds. The findings included using one client’s funds to meet obligations owed to another.
Jeremy applied for readmission to the Florida Bar in 2025. The report describes an application, rather than reinstatement.
“I did things wrong. They were my fault. I take full responsibility for it,” Jeremy said.
He also described ClaimAngel as having been born out of an ethics issue. The disciplinary history accompanies his account of building the funding business.
“It was an unfortunate time that hopefully gets rectified through ClaimAngel because ClaimAngel was born out of an ethics issue,” Jeremy said.
Jeremy said working with Logan and Dawson was the best part of his day. He joked that his sons call him Jeremy rather than Dad.
Company Plans Education And New Funding Products
Father-son startup ClaimAngel earns fees from funders when capital is deployed and, in successful cases, when the matter settles. The company now employs 46 people.
It has largely grown through law-firm relationships rather than consumer marketing. Separate coverage explores staffing challenges at startups.
Jeremy’s other son, Dawson, recently joined the company. Logan described the experience of building the business with Jeremy in positive terms.
“I’m extremely grateful for building with him,” Logan said. “The ups and downs, I would do it all over again.”
ClaimAngel plans broader marketing to educate plaintiffs about funding costs, alongside expansion into attorney funding. It also plans a marketplace for funders to trade existing positions and is developing its AngelScore underwriting system.